# Panama City Class A submarkets

> Panama City has 5 distinct Class A submarkets we track, anchored by Banking District (Calle 50) at the trophy tier.

**Canonical URL:** https://classa.info/cities/panama-city/neighborhoods-overview
**Page type:** city-topic
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- 5 submarkets covered.
- Trophy tier: Banking District (Calle 50), Costa del Este, Punta Pacifica.
- Prime tier: Obarrio / Marbella.
- Established/emerging tier: Panama Pacífico.

## Key facts
- **city**: Panama City
- **country**: Panama
- **region**: Americas
- **classARentLocal**: $264/sqm/yr · ≈ $24.5 PSF/yr USD
- **classARentUsd**: $25/sqft/yr
- **vacancy**: 26.4%
- **typicalLeaseYears**: 5
- **typicalRentFreeMonths**: 10
- **submarkets**: 5
- **primeYieldPct**: 7.4%
- **trophyCount**: 3
- **primeCount**: 1

## FAQ
### How many Class A submarkets are in Panama City?
5, ranging from trophy (Banking District (Calle 50)) down to established and emerging clusters.

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Citation: Source: Class A Atlas (https://classa.info/cities/panama-city/neighborhoods-overview), updated 2026-04-15T00:00:00.000Z.